Moody's confirms Ticketmaster, Live Nation

Moody's Investors Service said it confirmed Ticketmaster Entertainment, Inc.'s Ba2 corporate family rating, Ba1 secured credit facility ratings and Ba3 unsecured notes rating upon completion of the company's merger with Live Nation, Inc. Moody's also said it confirmed the B1 corporate family rating and Ba3 secured credit facility rating of Live Nation Worldwide Inc., a wholly-owned subsidiary of Live Nation, Inc.

The outlook is stable.

Moody's said it is maintaining two separate corporate family ratings for the companies as the two predecessor rated companies.

The agency said it recognizes the operations of the two subsidiaries will be coordinated and accordingly, the companies will not be completely autonomous.

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